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Brought to you by Alex Panas, global leader of industries, & Axel Karlsson, global leader of functional practices and growth platforms
Welcome to the latest edition of Only McKinsey Perspectives. We hope you find our insights useful. Let us know what you think at Alex_Panas@McKinsey.com and Axel_Karlsson@McKinsey.com.
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—Edited by Aarushi Jain, editor, Atlanta
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Look inward to move forward: A leadership journey
Leading Off
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Brought to you by Alex Panas, global leader of industries, & Axel Karlsson, global leader of functional practices and growth platforms
Welcome to the latest edition of Leading Off. We hope you find our insights useful. Let us know what you think at Alex_Panas@McKinsey.com and Axel_Karlsson@McKinsey.com.
—Alex and Axel
Psychological and emotional growth are key ingredients for leadership success—and the surest way to achieve that growth is to learn from others, according to McKinsey senior partners Dana Maor, Kurt Strovink, and Ramesh Srinivasan and senior partner emeritus Hans-Werner Kaas.
In their new book, The Journey of Leadership: How CEOs Learn to Lead from the Inside Out (Portfolio/Penguin Group, USA, September 2024), the authors explain how executives can benefit from seeking out multiple perspectives on their path to becoming more human-centered leaders.
The authors share the stories of a range of global leaders who have wrestled with complex, human-centered problems such as trust issues, imposter syndrome, and combative relationships with colleagues. In many of these cases, getting feedback from diverse advisory groups helped the executives gain more self-awareness, as well as insights they could use to hone their leadership styles. “It’s useful to have a group that includes spouses, people with whom you’re close, friends, and voices that are slightly more distant,” Srinivasan says in a recent Author Talks interview. “It gives you an ability to broaden a range of perspectives and then set your own course.”That’s the increase in EBITDA achieved by companies that took concrete actions to improve their organizational health, according to a McKinsey evaluation of 1,500 companies in 100 countries. Organizational health refers to how effectively leaders run their companies: how they make decisions, allocate resources, operate day-to-day, and guide their teams to deliver higher performance. Self-reflection is a big part of achieving organizational health. “Leaders should be asking themselves, ‘How do I run the place each and every day—in each and every meeting—in ways that are both healthy and conducive to creating high performance?’” say McKinsey senior partners Arne Gast and Brooke Weddle and their coauthors.
Some people learn and grow from challenging life experiences, while others self-destruct. US Marine Corps veteran and Microsoft executive Nate Boaz believes people can develop the courage to get through their most trying times and thrive. “As a business executive, I now realize we all struggle with it. We are busy—all action and no reflection,” Boaz says in a recent Author Talks interview. “Instead, we should allow ourselves time to process and work through challenges and traumas healthily.” Boaz learned from his grandfathers—both World War II veterans—that effective leaders can balance courage and risk-taking with humility. “That’s what my grandfathers taught me in terms of how to live a good life and how to lead,” he says.
Microhabits can help leaders improve their well-being and performance. The Journey of Leadership lists more than 100 microhabits that leaders can consider, including keeping a journal, finding a hobby, prioritizing family meals, and limiting nighttime work. Such regular practices or rituals can provide long-term benefits. For example, McKinsey senior partner and The Journey of Leadership coauthor Dana Maor says her own work has been enhanced by her yoga practice. “I find that yoga is a very, very, very good school for leadership,” she says in a video interview. “First and foremost, you never finish learning.... And I do think that learning how to lead from the inside out starts with finding that centeredness and that quiet and using that as a place of birth for more growth.”
Lead by looking inside.
— Edited by Eric Quiñones, senior editor, New York
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by "McKinsey Leading Off" <publishing@email.mckinsey.com> - 04:43 - 9 Sep 2024 -
How to tackle vaccine innovation for infectious diseases
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Brought to you by Alex Panas, global leader of industries, & Axel Karlsson, global leader of functional practices and growth platforms
Welcome to the latest edition of Only McKinsey Perspectives. We hope you find our insights useful. Let us know what you think at Alex_Panas@McKinsey.com and Axel_Karlsson@McKinsey.com.
—Alex and Axel
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Postpandemic vaccine landscape. The COVID-19 pandemic highlighted the critical role that vaccines play in public health. During the pandemic, several factors combined to spur rapid vaccine development: increased funding, operational efficiencies, technological progress, and regulatory adaptability. Yet success for other vaccine archetypes has been uneven, say McKinsey senior partner Adam Sabow and coauthors. Apart from COVID-19, the number of vaccine programs for infectious diseases remains mostly static.
—Edited by Querida Anderson, senior editor, New York
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by "Only McKinsey Perspectives" <publishing@email.mckinsey.com> - 01:12 - 9 Sep 2024 -
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The week in charts
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by "McKinsey Week in Charts" <publishing@email.mckinsey.com> - 03:08 - 7 Sep 2024 -
EP128: The Ultimate Software Architect Knowledge Map
EP128: The Ultimate Software Architect Knowledge Map
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The Ultimate Software Architect Knowledge Map
Is PostgreSQL eating the database world?
11 steps to go from Junior to Senior Developer
Tech Career Basic Requirements
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Master a Programming Language
Look to master 1-2 programming languages such as Java, Python, Golang, JavaScript, etc.Tools
Build proficiency with key tools such as GitHub, Jenkins, Jira, ELK, Sonar, etc.Design Principles
Learn about important design principles such as OOPS, Clean Code, TDD, DDD, CAP Theorem, MVC Pattern, ACID, and GOF.Architectural Principles
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Get to know about several platforms such as containers, orchestration, cloud, serverless, CDN, API Gateways, Distributed Systems, and CI/CDData Analytics
Build a solid knowledge of data and analytics components like SQL and NoSQL databases, data streaming solutions with Kafka, object storage, data migration, OLAP, and so on.Networking and Security
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Tech Career Basic Requirements
Source: Aigent Is PostgreSQL eating the database world?
It seems that no matter what the use case, PostgreSQL supports it. When in doubt, you can simply use PostgreSQL.
TimeSeries
PostgreSQL embraces Timescale, a powerful time-series database extension for efficient handling of time-stamped data.Machine Learning
With pgVector and PostgresML, Postgres can support machine learning capabilities and vector similarity searches.OLAP
Postgres can support OLAP with tools such as Hydra, Citus, and pg_analytics.Derived
Even derived databases such as DuckDB, FerretDB, CockroachDB, AlloyDB, YugaByte DB, Supabase, etc provide PostgreSQL.GeoSpatial
PostGIS extends PostgreSQL with geospatial capabilities, enabling you to easily store, query, and analyze geographic data.Search
Postgres extensions like pgroonga, ParadeDB, and ZomboDB provide full-text search, text indexing, and data parsing capabilities.Federated
Postgres seamlessly integrates with various data sources such as MongoDB, MySQL, Redis, Oracle, ParquetDB, SQLite, etc, enabling federated querying and data access.Graph
Apache AGE and EdgeDB are graph databases built on top of PostgreSQL. Also, pg_graphql is an extension that provides GraphQL support for Postgres.
Over to you: Have you seen any other use cases of PostgreSQL?
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11 steps to go from Junior to Senior Developer
Collaboration Tools
Software development is a social activity. Learn to use collaboration tools like Jira, Confluence, Slack, MS Teams, Zoom, etc.Programming Languages
Pick and master one or two programming languages. Choose from options like Java, Python, JavaScript, C#, Go, etc.API Development
Learn the ins and outs of API Development approaches such as REST, GraphQL, and gRPC.Web Servers and Hosting
Know about web servers as well as cloud platforms like AWS, Azure, GCP, and KubernetesAuthentication and Testing
Learn how to secure your applications with authentication techniques such as JWTs, OAuth2, etc. Also, master testing techniques like TDD, E2E Testing, and Performance TestingDatabases
Learn to work with relational (Postgres, MySQL, and SQLite) and non-relational databases (MongoDB, Cassandra, and Redis).CI/CD
Pick tools like GitHub Actions, Jenkins, or CircleCI to learn about continuous integration and continuous delivery.Data Structures and Algorithms
Master the basics of DSA with topics like Big O Notation, Sorting, Trees, and Graphs.System Design
Learn System Design concepts such as Networking, Caching, CDNs, Microservices, Messaging, Load Balancing, Replication, Distributed Systems, etc.Design patterns
Master the application of design patterns such as dependency injection, factory, proxy, observers, and facade.AI Tools
To future-proof your career, learn to leverage AI tools like GitHub Copilot, ChatGPT, Langchain, and Prompt Engineering.
Over to you: What else would you add to the roadmap?
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by "ByteByteGo" <bytebytego@substack.com> - 11:35 - 7 Sep 2024 -
The changing rules of organizational health
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While many of the practices and outcomes that have defined organizational health have not changed since McKinsey launched the Organizational Health Index (OHI) in 2003, the dynamics of the workplace have evolved. In our first featured story, senior partners Aaron De Smet, Arne Gast, and coauthors explore findings from the latest upgrade to the OHI, including six key shifts that emerged from the data in the areas of purpose, leadership, decision making, employee experience, technology, and social responsibility. Our second featured story sheds light on what matters most to employees and offers a new fact base for employers to weigh varied performance management methodologies. Other highlights this month include the following topics:
•
the challenges that lie ahead in the energy transition
•
why organizations must approach generative AI integration holistically
•
how today’s business leaders can turn diverse experiences into meaningful outcomes
•
who is using AI, how they’re using it, and the challenges that remain
The hard stuff: Navigating the physical realities of the energy transition
The energy transition is a physical transformation in its early stages. What challenges lie ahead?
Forge a path
Gen AI’s next inflection point: From employee experimentation to organizational transformation
As many employees adopt generative AI at work, companies struggle to follow suit. To capture value from current momentum, businesses must transform their processes, structures, and approach to talent.
Catch up
The versatile leader: How learning to adapt makes CEOs better
Leaders benefit from seeking out diverse experiences, displaying deep curiosity, and knowing when to speak up.
Turn insights into outcomes
The key to accelerating AI development? Pragmatism plus imagination
Leaders are treating generative AI as less of a curiosity and more an integral part of business. McKinsey research sheds light on who is using AI, how they’re using it, and the challenges that remain.
Be prepared
The loneliest job? How top CEOs manage dilemmas and vulnerability
This article consolidates insights from around 100 senior leaders on five common dilemmas that complicate their ability to lead in the face of competing priorities.
Be a leader
The future of Medicare Advantage
The Medicare Advantage program is undergoing its biggest shifts in more than two decades. Payers can take steps now to mount a strategic, agile response as the changes unfold.
Make bold moves
McKinsey Themes
Browse our essential reading on the topics that matter.
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McKinsey Explainers
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McKinsey on Books
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Biweekly curated reads on Gen Z in the workplace.
Subscribe now— Edited by Eleni Kostopoulos, managing editor, New York
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by "McKinsey Highlights" <publishing@email.mckinsey.com> - 11:21 - 7 Sep 2024 -
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by "ByteByteGo" <bytebytego@substack.com> - 07:25 - 6 Sep 2024 -
How to motivate your employees through review season
The Shortlist
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Curated by Alex Panas, global leader of industries, & Axel Karlsson, global leader of functional practices and growth platforms
Welcome to the latest edition of the CEO Shortlist, a biweekly newsletter of our best ideas for the C-suite. This week, we feature two new articles about the employee experience and a look at what still needs to be done in the energy transition. We appreciate the opportunity to connect and hope you find our perspectives novel and insightful. Please let us know what you think! You can reach us at Alex_Panas@McKinsey.com and Axel_Karlsson@McKinsey.com. Thank you.
—Alex and Axel
We hope you find these ideas helpful and inspiring. See you next time with more McKinsey ideas for the CEO and others in the C-suite.
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by "McKinsey CEO Shortlist" <publishing@email.mckinsey.com> - 04:57 - 6 Sep 2024 -
Flying taxis in 2030?
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Brought to you by Alex Panas, global leader of industries, & Axel Karlsson, global leader of functional practices and growth platforms
Welcome to the latest edition of Only McKinsey Perspectives. We hope you find our insights useful. Let us know what you think at Alex_Panas@McKinsey.com and Axel_Karlsson@McKinsey.com.
—Alex and Axel
•
Electric aircraft on the rise. Soon, commuters should be able to ride in aircraft that are much smaller and much more accessible than today’s planes, McKinsey partner Robin Riedel explains. This could happen as early as 2024, according to executives from Volocopter, Joby Aviation, and Lilium. For unpiloted passenger drones, however, gaining public acceptance may prove challenging, according to Riedel.
—Edited by Vanessa Burke, editor, Atlanta
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by "Only McKinsey Perspectives" <publishing@email.mckinsey.com> - 01:24 - 6 Sep 2024 -
New York as a global fashion capital, creating value in retail, the drive toward human development, and more: The Weekend Read
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Brought to you by Alex Panas, global leader of industries, & Axel Karlsson, global leader of functional practices and growth platforms
Welcome to the first edition of The Weekend Read. We hope you find our perspectives useful. Let us know what you think at Alex_Panas@McKinsey.com and Axel_Karlsson@McKinsey.com.
—Alex and Axel
How can retailers of all sizes create value in the intensely competitive retail industry? Based on an analysis of 280 publicly traded retailers, Becca Coggins and coauthors outline five actions that enabled ascendant retailers—or “movers”—to rise above challenging economic conditions.
5 common themes Ready to unwind?
—Edited by Joyce Yoo, editor, New York
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by "McKinsey Weekend Read" <publishing@email.mckinsey.com> - 12:54 - 6 Sep 2024 -
Has the drive toward human development been thrown into reverse?
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by "McKinsey & Company" <publishing@email.mckinsey.com> - 12:33 - 5 Sep 2024 -
A Crash Course on Scaling the Data Layer
A Crash Course on Scaling the Data Layer
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The scalability of a system is heavily dependent on the data layer.
No matter how much effort is made to scale the API or the application layer, it is limited by the scalability of the data layer. Also, scaling the data layer is often the most difficult task during application design.
Horizontally scaling the data layer of an application, also known as “scaling out”, involves distributing the data and load across multiple servers or nodes.
This approach is particularly effective for handling large volumes of data and high traffic loads, but it also adds multiple orders of complexity. Since the data is distributed, many issues regarding transactions and consistency that don’t appear in monolithic databases become quite common.
Several techniques are available for horizontally scaling the data layer, each having pros and cons with specific nuances worth considering.
In this post, we’ll explore the major techniques for scaling the data layer horizontally along with examples. Also, we will understand the advantages and disadvantages of each technique to get a better idea of when to use a particular approach over another choice.
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The gen AI skills revolution: Rethinking your talent strategy
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